By Wendy Van Sickle
Columbus, Ohio, May 1 – GS Finance Corp. priced $7 million of 0% digital index-linked notes due Nov. 3, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to negative 15%, the payout will be par plus 13.92%.
If the index return is less than negative 15%, investors will lose 1.1765% for every 1% index decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Digital index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $7 million
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Maturity: | Nov. 3, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, finishes flat or falls by up to 15%, par plus 13.92%; otherwise, 1.1765% for every 1% index decline beyond 15%
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Initial level: | 2,863.39
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Buffer level: | 85% of initial level
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Pricing date: | April 28
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Settlement date: | May 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.85%
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Cusip: | 40057E5F0
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